[SMM Analysis: The State Administration of Taxation Cancels Export Tax Rebates for Copper Semis, Future Copper Foil Exports to Face Impact] China's copper foil is mainly exported to Southeast Asia. The cancellation of export tax rebates will increase enterprises' costs by 13%. For China's copper foil industry, which has already been facing serious capacity surplus issues in recent years, copper foil processing fees are hovering around the cost line. If costs increase further, copper foil enterprises will have no profit at all...